Fed hikes key interest rate 0.75 percentage points as it battles inflation
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
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"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
The Fed could lift rates by 0.75-percent.
The expected 0.75-percent boost would be the biggest since 1994. KDKA's Lindsay Ward has the story.
It will be the largest rate hike in more than two decades, so why is the Federal Reserve making this move?
For the second time since 2018 the Federal Reserve is expected to hike interest rates. KDKA's Lindsay Ward has the details and how this will impact your wallet.
The Federal Reserve is working to mitigate the financial fallout from coronavirus and that includes lowering mortgage rates.
The U.S. Federal Reserve slashed its benchmark interest rate by a full percentage point in a response to the COVID-19 outbreak.
For the second time in three months, the Federal Reserve has cut interest rates so what does this mean for consumers?
Chances are good you used a credit card to pay for Christmas holiday gifts this year. Now comes paying off that debt just as interest rates go up in 2017.
U.S. consumer prices edged down in August, marking the first decline in seven months and fueled by a big drop in gasoline prices.
PITTSBURGH (NewsRadio 1020 KDKA) - Does it feel like the money you earn doesn't go as far as it once did? In his new book "Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It", Steve Forbes says that it doesn't. The Chairman and Editor in Chief for Forbes Media and former presidential candidate joined KDKA's Larry Richert and John Shumway to talk about the current state of the economy.
The unemployment rate fell nationally last month, but not as much as some had hoped.
Dr. Webster Tarpley joined host Chris Moore to discuss a problem a l0t of American adults are facing, that problem is student loan debt.
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
The U.S. Senate and Federal Reserve are hammering out the final details on big changes that will affect how you use your debit card.
Friday kicks off the weekend with some warmer temperatures, but they will not last long.
A nighttime crash during the week of Christmas is now causing major traffic backups every afternoon on Interstate 79.
A U-Haul truck made its way onto the tracks at Station Square early Friday morning.
The crash happened just before 1:30 a.m. on Friday.
Mike Tomlin's assistant coaches aren't expected to be retained by the team unless they are rehired by the new coach.
Friday kicks off the weekend with some warmer temperatures, but they will not last long.
A nighttime crash during the week of Christmas is now causing major traffic backups every afternoon on Interstate 79.
A U-Haul truck made its way onto the tracks at Station Square early Friday morning.
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Five congressional Democrats say they have received inquiries from the DOJ after they appeared in a video urging members of the military not to follow "illegal orders" — a move the lawmakers allege is political intimidation.
The U.S. Supreme Court on Tuesday took on two cases challenging states that bar transgender athletes from participating on sports teams that align with their gender identities. One of them involves a student from West Virginia. Lauren Linder reports.
The Supreme Court heard two cases involving laws from Idaho and West Virginia that ban transgender athletes from participating in girls' and women's sports.
The Supreme Court hears arguments today on whether laws in Idaho and West Virginia banning transgender athletes from competing on girls' and women's sports teams violate the Constitution and Title IX.
The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.
Scams targeting utility customers are on the rise in Pennsylvania, the attorney general says.
A handful of Pittsburgh-area Value City Furniture stores are going out of business after their parent company filed for bankruptcy.
It has been five years since the home improvement retailer Menards bought a large parcel of land off Route 30 in Westmoreland County.
If you get a ticket in the city of Pittsburgh, there could be a higher chance that instead of getting it on your car windshield, you're getting it in the mail.
Western Pennsylvania is grappling with a December that has been significantly colder than in years past.
Sean Collier tells us about three things to do in and around Pittsburgh this weekend!
We’re learning about the different options available in Western PA for skiing and snowboarding, with some help from Kidsburgh!
A night out for Restaurant Week may include a stop at The Millhouse Restaurant, located in the Joinery Hotel!
David and Heather learn how to paint .. with the help of some hot air!
Daisy Jade gets a lesson from The Fred Astaire Dance Studio in Cranberry Township!
Some drivers in Pittsburgh are ignoring road closure signs in the South Side Flats, leaving residents exasperated.
A Westmoreland County taxidermist is under investigation by the Pennsylvania State Police.
Stray voltage from a nearby streetlight shocked Montana Mitchell and her dog, leaving the dog immobile.
Twin boys have been seen selling lemonade for long hours several times a week on street corners throughout Pittsburgh and the suburbs.
A woman says she and her dog were shocked while running in Pittsburgh's Strip District.
The yearly tradition marks the start of months of training for Pittsburgh Marathon participants.
Firefighters have a 62% higher risk of cancer, and this week, the New Castle Central Fire Station hosted pre-screenings.
Once the holidays are over, we often find ourselves in a funk, so how can we find ways to boost our mood?
A major expansion in women's health care is taking shape in Washington County.
Flu cases keep increasing, but at least one Pittsburgh-area emergency room doctor says not everyone needs to visit him.
Mike Tomlin's assistant coaches aren't expected to be retained by the team unless they are rehired by the new coach.
Western Pennsylvania has historically been a hotbed for producing talent that succeeds in the NFL.
Sidney Crosby scored one of Pittsburgh's three power-play goals and the Penguins beat the Philadelphia Flyers 6-3.
Former Robert Morris University basketball player Markeese Hastings is accused of taking bribes to throw games.
The Steelers have reportedly requested to interview three different defensive coordinators for their open head coaching position.
Pittsburgh Mayor Corey O'Connor on Tuesday announced a new initiative aimed at revitalizing neighborhood business districts across the city.
A handful of Pittsburgh-area Value City Furniture stores are going out of business after their parent company filed for bankruptcy.
It has been five years since the home improvement retailer Menards bought a large parcel of land off Route 30 in Westmoreland County.
The Macy's location at the Pittsburgh Mills Mall will be among the several closures.
With the Steelers hosting their first playoff game with fans in the building since 2018, a lot of revenue is expected to be made in the city.
Scott Adams, the cartoonist who created the "Dilbert" comic strip, has died at the age of 68, his first ex-wife revealed on Tuesday.
"The Pitt" won big at the Golden Globes on Sunday night.
The 2026 Golden Globes honored the standouts in both film and television from last year. See the full list of winners and nominees.
Here is everything you need to know about how to watch and stream the 2026 Golden Globes.
Bob Weir wrote or co-wrote and sang lead vocals on Grateful Dead classics including "Sugar Magnolia," "One More Saturday Night" and "Mexicali Blues."
Get the latest weather updates with meteorologist Ron Smiley’s forecast!
A truck slammed into the Interstate 79 bridge over Thoms Run Road last month.
No patient services are expected to be impacted, according to a UPMC spokesperson.
Pittsburgh Regional Transit said all rail traffic is being detoured through Allentown.
KDKA-TV's Rich Walsh and 93.7 The Fan's Chris Mueller discuss the sports topics of the day.
Mike Tomlin stepped down as head coach of the Pittsburgh Steelers after 19 seasons with the team.
Pitt's regular season has ended with an 8-4 record.
Pitt's five-game winning streak came to an end with a 37-15 loss to Notre Dame.
Mason Heintschel set a new Pitt freshman single-game passing record in the Pitt win at Acrisure Stadium.
The 44th annual KDKA-TV Turkey Fund will help our neighbors in need have a nice meal for Thanksgiving.
